RP - standing still despite the financial crisis

[Dorothea]

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^if you're using your knees, wouldn't that be called 'kneeling'?

[sizz-lorr]

^if you're using your knees, wouldn't that be called 'kneeling'?

yes, but still standing.

[joshua259]

and the cycle of confusions begins... RP is standing because the Philippines have a lot of allies, not just the US but also the east Asian allies.

[sizz-lorr]

and the cycle of confusions begins... RP is standing because the Philippines have a lot of allies, not just the US but also the east Asian allies.

whoring......

[nItO/pIrEnA]

standing still? well if it means that we're not sinking, then that's good, but not good enough for me~

[Tarmac]

It turns out for some, prosperity was realized on the back of free-wheeling credit and leveraged spending, where what is spent today has yet to be earned. In the worst case, it was an environment of spending with utter disregard for ability to pay, where supermarket checkout clerks lived in four-bedroom homes, mortgaged to the hilt and then some.

That was how it was in the United States and now the day of reckoning is nigh. Unfortunately, we too are paying for it.

[legal_cd]

Our country is very poor, so if dunay mga economic crisis, rest asure dugay na ma feel sa pinoy coz galisod naman daan... so it's nothing new.

[colossus]

If we are to relate our own economic standing to those who called themselves as rich countries, we should really celebrate. For while they are having problems on how to deal with this global recession, we already have solutions for it. Or better yet, the impact of global recession is hardly felt in the Philippines.

If not for the unpopular decisions of the president, we might be included in those who are having headaches right now. Fortunately, we're not included in the list. Hence, we are standing still despite the financial crisis.

[SioDenz]

OFW Remittances!!!

[baby_grace]

Well this is true. THe Philippines is standing still despite the financial crisis. It is a fact that the Asian region is the least affected by the economic downturn worldwide. Nonetheless, the administration of PGMA is not putting down its guard to shield the Filipinos from possible effects of the crisis. It's main goal is to insulate the vulnerable sectors (such as the poor and the workers) of society from the consequences of the global crisis. Better prepared than sorry.

Our economic standing is still okay. We can attribute this to the economic comeback of the Philippines in 2007 brought about by the improvements caused by the implemented revenue reforms. So far so good for the Philippines.